Workhorse (WKHS) Enterprise Value (2010 - 2025)
Workhorse (WKHS) posted quarterly Enterprise Value of -$12.9 million for Q4 2025, down 94.9% YoY from -$253.4 million in Q4 2024, and down 1.73% sequentially from -$12.7 million in Q3 2025.
Workhorse (WKHS) Enterprise Value (2010 - 2025) Analysis & Trends
Workhorse has disclosed Enterprise Value across 16 years of filings, most recently posting -$12.9 million for Q4 2025.
- In Q4 2025, Enterprise Value fell 94.9% year-over-year to -$12.9 million; the TTM figure through Dec 2025 stood at -$12.9 million (down 94.9% YoY), while the FY2025 annual figure was -$12.9 million, down 94.9% from the prior year.
- Enterprise Value declined to -$12.9 million in Q4 2025, from -$12.7 million in the prior quarter.
- Over the last five years, Enterprise Value for WKHS reached as high as -$2.2 million in Q2 2025 and fell as low as -$399.0 million in Q1 2021.
- The 5-year median for Enterprise Value is -$50.6 million (2023), against an average of -$97.7 million.
- Annual changes were most pronounced in 2021 — Enterprise Value plunged 2271.68% — and 2024, when it surged 91.66%.
- A 5-year view of Enterprise Value shows it stood at -$201.6 million in 2021, then surged by 50.77% to -$99.3 million in 2022, then soared by 73.97% to -$25.8 million in 2023, then soared by 74.35% to -$6.6 million in 2024, then slumped by 94.9% to -$12.9 million in 2025.
- According to Business Quant data, Enterprise Value over the past three periods registered -$12.9 million, -$12.7 million, and -$2.2 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Tesla | 1,375.42 Bn | 1,330.73 Bn | 4.72 Bn | -44.69 Bn |
| 2 | Ford Motor | 78.30 Bn | 47.85 Bn | 7.94 Bn | -30.46 Bn |
| 3 | General Motors | 68.82 Bn | 46.43 Bn | 4.32 Bn | -22.38 Bn |
| 4 | Xpeng | 40.80 Bn | 38.26 Bn | 388.90 Mn | -2.54 Bn |
| 5 | Rivian Automotive | 21.46 Bn | 16.65 Bn | 119.00 Mn | -4.80 Bn |
| 6 | Li Auto | 12.40 Bn | -965.30 Mn | 262.11 Mn | -13.36 Bn |
| 7 | Nio | 12.31 Bn | 9.20 Bn | 704.43 Mn | -3.11 Bn |
| 8 | VinFast Auto | 7.23 Bn | 91,500.01 Bn | -17,004.89 Bn | 83,630.14 Bn |
| 9 | Lucid | 2.18 Bn | 1.48 Bn | -311.71 Mn | -700.36 Mn |
| 10 | Workhorse | 27.86 Mn | 27.86 Mn | 10.06 Mn | -12.92 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -12.92 Mn |
| Sep 30, 2025 | -12.70 Mn |
| Jun 30, 2025 | -2.19 Mn |
| Mar 31, 2025 | -2.60 Mn |
| Dec 31, 2024 | -6.63 Mn |
| Sep 30, 2024 | -3.24 Mn |
| Jun 30, 2024 | -5.30 Mn |
| Mar 31, 2024 | -6.70 Mn |
| Dec 31, 2023 | -25.85 Mn |
| Sep 30, 2023 | -38.90 Mn |
| Jun 30, 2023 | -62.38 Mn |
| Mar 31, 2023 | -79.10 Mn |
| Dec 31, 2022 | -99.28 Mn |
| Sep 30, 2022 | -120.12 Mn |
| Jun 30, 2022 | -140.06 Mn |
| Mar 31, 2022 | -167.05 Mn |
| Dec 31, 2021 | -201.65 Mn |
| Sep 30, 2021 | -230.42 Mn |
| Jun 30, 2021 | -338.86 Mn |
| Mar 31, 2021 | -399.03 Mn |